In view of the potential harm of whistleblowing, there was also an option to not do anything (Bok, 1980). Woodford could choose to be silent about the irregularities in the financial activities of the company and retain the benefits that come with working as a high-profile executive in Olympus. The problem is that, doing nothing was tantamount to allowing Kikukawa and the board continue stealing money from the company while making the public believe that Olympus was going well. His effort paid off. His exposure of the scandal became the talk of the press, and the executives of Olympus were left with no other choice but to come clean (Greenfeld, 2013).
It is observed by researches and analysts that unethical business and accounting decision has took place in Enron Company especially CFO Jeffrey Skilling and CEO Ken Lay who played major roles in this scandal. Enron involved in business risks like fraud and the company failure happened when it entered into conservative transactions. The problem Enron faced was that they treated their loans as revenues yet it is not shown in the balance sheet, in other words, Enron did not treat them as current liabilities such as accounts payable so they did not show their creditors as liabilities, which had mislead their customers and investors. Because the company had taken the help from others in hiding a large amount of company debt (partnerships with various enterprises), it shows that unethical actions had been carry out. For example, Enron did
Ebbers leadership style changed from ethical to unethical during the downturn of the stock market and the effects it had on WorldCom shares. Ebber leadership style created an environment that left for little room for error. During telecommunications stock downturns Ebber was unable to come up with a strategy that would turn things around. During the initial phases of the Commission investigation into WorldCom’s accounting practices, Ebber was questioned concerning several low-interest loans he acquired from the board of directors. Shortly after Ebber was forced out by outside board members.
But some countries did not agree to all of the proposals on the treaty. Germany one of the main reasons for the treaty did not like that they were blamed for World War 1 and that they had to pay for all of the cost. At first, Germany didn 't want to pay for all of there cost. Some people might say people could claim that Germany was able to pay off their debts but chose not to. This may have been true but if they chose to it would sacrifice a lot for Germany their economy would crash and their people would starve so Germany could but in the proses they would also ruin Germany 's country as a
But it was true that his presidency was not very recognizable and it had a lot of backfire and different bad moments, the Great Depression had a lot to do with why Hoover’s presidency failed, the people had thought that since he couldn’t keep the stock market together that he would not be able to keep America together. Hoover getting undermined by Congress was definitely not what he thought was going to happen, thinking that he could just be able to rebuild America after the depression would have been easier if he and Congress had gotten along, in the end, Herbert Hoover was the thirty first president of the United States and had served this country and had made sure that it got administered America as though anyone would have if the stock market had happened to crash, it’s good to think back to Hoover’s humanitarian works because he did help out a lot of people in serious need, he did all of this but still having a complete income of millions of dollars working as a mining engineer, he was creative about his ideas and with that he created such things as the Hoover Dam,
Can you use them in your presentation? “The Adams Administration”: Many people believed the rumors that Hamilton was corrupt. It was rumored that he used his role as Secretary of the Treasury to cut back on the wages of veterans. Hamilton attempted to clear his name, but it failed. This was the reason for his political career decline.
When the auditors decide to write off inventory they had to do research to prove to Williams Jr that it was best for the company to write off. If there was no research the inventory might not be written off. One concern that the auditors have is with the business processes within the company which cannot keep up with the constant growth of the company. The management and the auditors did not have issues about fraud in the company.
Also, she reasons that recording more depreciation of assets wouldn’t have caused the loss to be so great. However, she wants to report the losses in the income statement along with the company’s expenses, where she hopes it will not be noticed. The ethical issues involved are 1) Charlene Battle not wanting to report the material loss because it would be unfavorable to the the users of the financial statement. 2) Reasoning that increasing depreciation on the asset’s lives wouldn’t cause the loss to be great and 3) Reporting losses in the income statement along with the company’s expenses, where she hopes it’s not
One rather flooring comment made was when a chamber of commerce official stated his firm would” wage all-out war” against proponents of mandatory paid leave. Just because of the reason that business executives don’t believe it would be good for their business. Which was shown to be false by California when the implemented their state ran policies. It is simply against their interests since they don’t want to pay people who are not working. This paired with the belief of the American dream which is coincidentally incompatible with paid leave down to its principles, create another viable reason behind the lack of leave in
They are also having questionable changes in top management with several executives coming from companies where they might have been responsible for the company’s debacle. The investors get cold feet when a company is having both its stock prices go down, coupled with management changes. That is what is happening with American
Because of this the US would have withdrawn without victory. This would cause world tension with their alliances. Not a good combination, but luckily these plans were not followed through by the president. If the world tension became even more serious and the US would have gone into debt, the economy would basically have another Great Depression except depression isn’t really great. This means that since your alliances have now become your enemies and do not support you, you will not receive any imports or any goods and you are already in debt.
This is because smaller businesses were ruined by larger ones. George Rice, who was the owner of a smaller oil company, says in Document H that he was ruined by the Standard Oil Company because the big business was selling oil for lower prices. They could sell it at such low prices because
Americans were hoping that their lives and the economy would get better, but during Hoover’s Presidency things just spiraled out of control and got much worse. President Hoover did try to stop the Great Depression from happening; he didn 't just sit at home and do nothing. He was concerned even before the stock market grew shaky. He believed stock market prices were too high. Nobody wanted to listen to him then, but when the stock market did crash, it was all Hoover’s fault.
Positions in the government would be sold and votes would be bought. This was also the age with the forgettable presidents because they didn’t do anything. While the presidents weren’t that special some of them did make a couple awful laws that excluded immigrants. Many people disliked immigrants because they felt that they were taking away jobs and making jobs lower wages. It came to a point that the U.S. created immigration stations.
Concerning the cases with Wagner and Bauer, insurance companies will stray away from doing any acts that seem unethical when pertaining to “life or death” medication due to the backlash that Bauer’s and Wagner’s insurance company after their case went public. Additionally, no insurance company wants to be painted badly in the news; they are selling you protection from whatever may occur in the future. They cannot sell themselves as a credible company if they subtly urge you to choose the cheapest route, which can also mean the deadly route. Besides insurance companies being one of the main issues concerning physician-assisted suicide, the hospital itself can prove to be an issue. Since so many deaths occur due to medical errors, one has to wonder how many terminally-ill patients were misdiagnosed.